Quote:
Originally Posted by Avatard
Which they write off.
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So what? Say a month ago you gave me a thousand dollars and in return I told you I would give you $1,100. Now I can't afford to give you $1,100 so I'm giving you a mountain bike worth $500 and telling you to go screw over the rest of it. Who got the better deal? But hey, you can write it off!
ETA: It is still real money that banks lost and they aren't getting back. The way those losses are accounted for doesn't change that.